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Lake Sara Area Water Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$693k (2023)

Expenses
$662k (2023)

Total Assets
$2.87M (2023)

Total Liabilities
$14.5k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$692,859
Expenses
$662,258
Net Income
$30,601
Net Assets
$2,855,068
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,124
0.3%
Program Services $689,061
99.5%
Investment Income $1,674
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,700
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $64,200
9.7%
Assets/Debt
Total Assets $2,869,616
Total Liabilities $14,548
Net Assets $2,855,068
Club or Co-Op Income
Income From Members $692,859
Income From Other Sources $1,674
Compensation
Key Employees and Officers Compensation Related Other
Robert Huey Jr (President) $6,000 $0 $0
Joe Jansen (Vice Pres.) $4,050 $0 $0
Michael Etter (Vice Pres.,T) $4,050 $0 $0
Vic Fauss (Vice Pres.,S) $2,400 $0 $0
Terry Youngblood (Vice Pres.) $2,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$655,946
Expenses
$646,679
Net Income
$9,267
Net Assets
$2,824,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,250
0.3%
Program Services $652,968
99.5%
Investment Income $728
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,200
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $61,586
9.5%
Assets/Debt
Total Assets $2,859,430
Total Liabilities $34,963
Net Assets $2,824,467
Club or Co-Op Income
Income From Members $655,946
Income From Other Sources $728
Compensation
Key Employees and Officers Compensation Related Other
Robert Huey Jr (President) $6,000 $0 $0
Vic Fauss (Vice Pres.,S) $2,400 $0 $0
Joe Jansen (Vice Pres.) $2,400 $0 $0
Michael Etter (Vice Pres.,T) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$636,617
Expenses
$658,286
Net Income
-$21,669
Net Assets
$2,815,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,550
0.6%
Program Services $632,632
99.4%
Investment Income $435
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,800
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $57,728
8.8%
Assets/Debt
Total Assets $2,836,090
Total Liabilities $20,890
Net Assets $2,815,200
Club or Co-Op Income
Income From Members $636,617
Income From Other Sources $435
Compensation
Key Employees and Officers Compensation Related Other
Robert Huey Jr (President) $6,000 $0 $0
Robert Kennedy (Vice Pres.,T) $6,000 $0 $0
Vic Fauss (Vice Pres.,S) $2,400 $0 $0
Joe Jansen (Vice Pres.) $2,400 $0 $0
Michael Etter (Vice Pres/Di) $200 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$652,524
Expenses
$673,887
Net Income
-$21,363
Net Assets
$2,836,869
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,550
0.5%
Program Services $648,288
99.4%
Investment Income $686
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,800
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $55,791
8.3%
Assets/Debt
Total Assets $2,866,191
Total Liabilities $29,322
Net Assets $2,836,869
Club or Co-Op Income
Income From Members $652,524
Income From Other Sources $686
Compensation
Key Employees and Officers Compensation Related Other
Robert Kennedy (Vice Pres.,T) $6,000 $0 $0
Robert Huey Jr (President) $3,600 $0 $0
Vic Fauss (Vice Pres.,S) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Joe Jansen (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$629,579
Expenses
$631,422
Net Income
-$1,843
Net Assets
$2,858,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,582
0.6%
Program Services $624,864
99.3%
Investment Income $1,133
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,600
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $53,631
8.5%
Assets/Debt
Total Assets $2,880,255
Total Liabilities $22,023
Net Assets $2,858,232
Club or Co-Op Income
Income From Members $629,579
Income From Other Sources $1,133
Compensation
Key Employees and Officers Compensation Related Other
Robert Kennedy (Vice Pres.,T) $6,000 $0 $0
Michael Wente (President) $2,400 $0 $0
Robert Huey Jr (Vice Pres.,S) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$616,022
Expenses
$610,895
Net Income
$5,127
Net Assets
$2,860,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,900
0.5%
Program Services $610,851
99.2%
Investment Income $901
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,370
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $53,075
8.7%
Assets/Debt
Total Assets $2,981,850
Total Liabilities $121,775
Net Assets $2,860,075
Club or Co-Op Income
Income From Members $613,351
Income From Other Sources $2,271
Compensation
Key Employees and Officers Compensation Related Other
Michael Wente (President) $2,400 $0 $0
Robert Huey Jr (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$631,293
Expenses
$598,561
Net Income
$32,732
Net Assets
$2,854,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,450
0.5%
Program Services $623,942
98.8%
Investment Income $651
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,250
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $52,294
8.7%
Assets/Debt
Total Assets $3,030,120
Total Liabilities $175,172
Net Assets $2,854,948
Club or Co-Op Income
Income From Members $627,392
Income From Other Sources $3,901
Compensation
Key Employees and Officers Compensation Related Other
Michael Wente (President) $2,400 $0 $0
Robert Huey Jr (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,612
Expenses
$648,729
Net Income
-$28,117
Net Assets
$2,822,216
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,500
0.6%
Program Services $612,437
98.7%
Investment Income $775
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,900
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $49,445
7.6%
Assets/Debt
Total Assets $3,162,627
Total Liabilities $340,411
Net Assets $2,822,216
Club or Co-Op Income
Income From Members $588,937
Income From Other Sources $5,909
Compensation
Key Employees and Officers Compensation Related Other
Michael Wente (President) $2,400 $0 $0
Robert Huey (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$595,268
Expenses
$644,217
Net Income
-$48,949
Net Assets
$2,850,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,300
0.6%
Program Services $585,776
98.4%
Investment Income $1,719
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,473
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $49,967
7.8%
Assets/Debt
Total Assets $2,991,546
Total Liabilities $141,213
Net Assets $2,850,333
Club or Co-Op Income
Income From Members $589,076
Income From Other Sources $6,192
Compensation
Key Employees and Officers Compensation Related Other
Michael M Wente (President) $2,400 $0 $0
Robert A Huey (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$573,158
Expenses
$638,623
Net Income
-$65,465
Net Assets
$2,899,282
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,600
0.6%
Program Services $563,070
98.2%
Investment Income $1,748
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,740
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $46,532
7.3%
Assets/Debt
Total Assets $2,929,382
Total Liabilities $30,100
Net Assets $2,899,282
Club or Co-Op Income
Income From Members $566,670
Income From Other Sources $6,488
Compensation
Key Employees and Officers Compensation Related Other
Michael M Wente (President) $2,400 $0 $0
Robert A Huey (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Vic Fauss (Vice Pres.) $1,400 $0 $0
Jerry Simpson (Vice Pres.) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$581,955
Expenses
$602,455
Net Income
-$20,500
Net Assets
$2,925,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,400
0.6%
Program Services $571,968
98.3%
Investment Income $1,967
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,620
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $45,139
7.5%
Assets/Debt
Total Assets $2,958,878
Total Liabilities $33,131
Net Assets $2,925,747
Club or Co-Op Income
Income From Members $575,368
Income From Other Sources $6,587
Compensation
Key Employees and Officers Compensation Related Other
Michael M Wente (President) $2,400 $0 $0
Robert A Huey (Vice Pres.,S) $2,400 $0 $0
Robert Kennedy (Vice Pres.,T) $2,400 $0 $0
Stan Bahrns (Vice Pres.) $2,400 $0 $0
Jerry Simpson (Vice Pres.) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$560,582
Expenses
$595,686
Net Income
-$35,104
Net Assets
$2,946,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,650
0.5%
Program Services $605,983
> 100%
Investment Income $2,843
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,620
0.8%
Net Fundraising $0
Sales of Assets -$55,514
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $43,787
7.4%
Assets/Debt
Total Assets $2,978,019
Total Liabilities $31,772
Net Assets $2,946,247
Club or Co-Op Income
Income From Members $608,633
Income From Other Sources $29,189

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$590,372
Expenses
$544,763
Net Income
$45,609
Net Assets
$2,965,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,650
0.4%
Program Services $579,735
98.2%
Investment Income $4,087
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,900
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $43,230
7.9%
Assets/Debt
Total Assets $3,027,526
Total Liabilities $62,175
Net Assets $2,965,351
Club or Co-Op Income
Income From Members $586,285
Income From Other Sources $4,087

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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